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Recent Experience of the Effects of Intervention on Exchange Rates

Recent Experience of the Effects of Intervention on Exchange Rates
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机构地区 Aichi University
出处 《Chinese Business Review》 2013年第2期77-83,共7页 中国经济评论(英文版)
关键词 汇率 外汇市场 正面影响 市场功能 投资组合 日本 进出口 波动 exchange rate, financial policy, foreign exchange market, intervention, sterilization, Tokyo,unsterilization
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参考文献20

  • 1Chen, Y., Watanabe, T., & Yabu, T. (2012). A new method for identifying the effects offoreign exchange intervention. Journal of Money, Credit & Banking, 44(8), 1507-1553.
  • 2Dominguez, K. (1992). Does central bank intervention increase volatility of foreign exchange rates? Cambridge: Harvard University.
  • 3Dominguez, K., & Frankel, J. (1993). Does foreign exchange intervention matter? The portfolio effect. American Economic Review, 83(5), 1356-1369.
  • 4Eria, H. (2012). The efficacy of central bank intervention on the foreign exchange market: Uganda's experience. Journal of International Development, 24(2), 185-207.
  • 5Fratzsher, M. (2004). Official intervention in the foreign exchange market. In J. James, 1. Marsh, & L. Sarno (Eds.), Handbook of exchange rates. London: Wiley.
  • 6Ito, T. (2004). Is foreign exchange intervention effective? The Japanese experience in the 1990s. In P. Mizen (Ed.), Monetary history, exchange rates and financial markets, essays in honour of Charles Goodhart (pp. 125-153). New York: Cheltenham.
  • 7Kao, C. W., & Wan, J. Y. (2012). Heterogeneous behaviours and the effectiveness of central bank intervention in the yen/dollar exchange market. Applied Financial Economics, 22(12),967-975.
  • 8Kim, A. T., & Le, T. (2010). Secretary of bank ofJapan's yen intervention: Evidence of efficiency from intra-daily data. Journal of the Japanese and International Economies, 24(3), 369-380.
  • 9Klein, K., & Rosengren, E. (1991). Foreign exchange intervention as a signal of monetary policy. Retrieved from http://www.bos.frb.org/economic/neer/neerI9911index.htm#may/jun.
  • 10Kurihara, Y. (2011). Is the Tokyo foreign exchange market efficient from two perspectives offorward bias and anomaly? Modern Economy, 2(2), 597-601.

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